Small Oil and Gas Firm Records First-Period Loss
- Share via
Western Energy Resources Inc., an independent oil and gas company based in Newport Beach, said it lost $41,752 for the first quarter, compared with a year-earlier loss of $11,535. Revenue for the period was $95,125, down 8% from $105,753. Richard Johnson, president of the company, said its financial results were “unfavorably impacted” by the severe decline in world market prices for gas and oil.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
